Marc Brutten Rob Taylor And Dan Sutherland Of Brixton Capital Acquire Retail Asset In Petaluma For $67.5M
301 South Mcdowell Boulevard
$67,500,000
$313/SF
Building Size
215,506 SF
Asset Type
Retail
Closing
Feb 26, 2025
AI
This retail asset, located at 301 South McDowell Boulevard in Petaluma, has a total square footage of 215,506. The property was transacted for a price of $67,500,000, translating to a price per square foot of $313.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $67,500,000
- Buyer: Marc Brutten, Rob Taylor & Dan Sutherland - Brixton Capital
- Seller: Paragon Commercial Group
- Brokers: Bryan Ley, Eric Kathrein & Warren McClean - JLL
Key players in this transaction included the buyer group Brixton Capital, represented by Marc Brutten, Rob Taylor, and Dan Sutherland, who finalized the acquisition from Paragon Commercial Group. The brokerage team from JLL, comprised of Bryan Ley, Eric Kathrein, and Warren McClean, facilitated the deal.
Players
Petaluma Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.24%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93